Property for sale Tetouan, Morocco
Prices from GBP £77,500
Ref: 33-208-234
1 - 3 Bedroom(s), 1-2 Bathroom(s) |
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This is a low-entry investment with only a 10,000 GBP deposit required on exchange of contracts with nothing else to pay until completion in June 2009!
Investors are offered the security of all payments being fully bank guaranteed and all building licences being in place, along with the added peace of mind given by the fact that Spain’s largest construction company, the premier developer in Morocco, are constructing the build.
The development presents itself as a great opportunity to invest in an exclusive beach resort development situated on the new Moroccan “Golden Mile”, located between the Majestic Rif Mountains and the Moroccan Mediterranean coast.
This low-density development offers investors an ideal opportunity with outstanding terms dissimilar to anything else currently being offered in Morocco.
Potential Capital Appreciation
per annum 20.00%
Conservative Estimate from the Developer
Potential Rental Income
per annum 8.00%
Conservative Estimate from the Developer
The Resort is situated in one of Morocco’s most exclusive tourist zones between Tetuoan and Ceuta, which has long been fashionable with Moroccans. This stretch of the Mediterranean coast is dubbed ‘The Golden Mile’ and is recognised as the most exclusive tourist region in the country.
Tetouan is situated about 60 km east of the city of Tangier and 40 km south of the Spanish enclave of Ceuta and the Strait of Gibraltar, on the Moroccan Mediterranean coast.
This coastal area has received national and international attention due to the new recent developments. It has been the King´s utmost interest to promote the area, and subsequently he has backed new projects in this area in conjunction with vision 2010.
The largely undiscovered Mediterranean Coast has mile upon mile of sandy beaches, a superb climate, picturesque fishing towns, and lush green hills and mountains dotted with ancient villages.
The area is well-connected in more ways than one. Situated just 50km from Tangiers airport the resort is easily reached from mainland Europe. It’s only a 3 hour flight from London and 40 minutes from Malaga. The planned construction of a highway between Tangier and Tetuoan will make the resort even more accessible.
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